Analysts' ratings for Ovintiv (NYSE:OVV) over the last quarter vary from bullish to bearish, as provided by 6 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $53.33, a high estimate of $60.00, and a low estimate of $42.00. Experiencing a 5.33% decline, the current average is now lower than the previous average price target of $56.33.
The standing of Ovintiv among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Arun Jayaram | JP Morgan | Lowers | Overweight | $45.00 | $56.00 |
| Betty Jiang | Barclays | Raises | Overweight | $59.00 | $57.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $60.00 | $59.00 |
| Noah Hungness | B of A Securities | Lowers | Buy | $54.00 | $55.00 |
| Roger Read | Wells Fargo | Lowers | Equal-Weight | $42.00 | $48.00 |
| Nitin Kumar | Mizuho | Lowers | Outperform | $60.00 | $63.00 |
For valuable insights into Ovintiv's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Ovintiv analyst ratings.
Ovintiv Inc is a North American oil and natural gas exploration and production company that is focused on developing its multi-basin portfolio of high-quality assets located in the United States and Canada. Its operations also include the marketing of oil, NGLs and natural gas. The company has two operating segments: USA Operations, and Canadian Operations. The USA Operations include the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within the United States. The Canadian Operations include the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within Canada.
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Challenges: Ovintiv's revenue growth over 3 months faced difficulties. As of 31 December, 2024, the company experienced a decline of approximately -30.89%. This indicates a decrease in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Ovintiv's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -2.74%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Ovintiv's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -0.57%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Ovintiv's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.31%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Ovintiv's debt-to-equity ratio is below the industry average. With a ratio of 0.61, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Copyright © Traders & Quants
